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Title Institutions, property rights, and economic growth : the legacy of Douglass North / edited by Sebastian Galiani, University of Maryland, Itai Sened, Washington University in St. Louis & Tel Aviv University.

Publication Info. New York : Cambridge University Press, 2014.

Item Status

Description 1 online resource (x, 327 pages) : illustrations
Physical Medium polychrome
Description text file
Summary "After ten rounds of playing the prisoners' dilemma game, subjects were given the possibility of eliminating one of the two actions by plurality. Each subject voted on whether to keep all actions, eliminate D, or eliminate C. After voting, the subject participated in ten more rounds depending on the decision made by plurality. To study the effect of subjects' understanding of the game on voting decisions I modify how game is presented to the subjects. In half the sessions, the computer screen shows the payoff matrix with the subject action as rows and their partners as columns. Feedback about the outcome is also provided by highlighting the chosen row and column. The other half of the sessions did not see the payoffs displayed as a matrix and feedback did not stress the behavior of the partner by highlighting his/her behavior in the matrix (but this behavior was reported). Figure 1 shows a screen shot of each treatment (payoffs are set in cents). I hypothesize that not showing the game as a matrix may diminish subjects' understanding of the structure of the game and the likely effect of modifying the game by eliminating a strategy. I called these two treatments as "See Matrix" and "Do Not See Matrix" treatments, respectively. The participants were 80 Brown University or RISD undergraduates. Half the subjects participated in each of the treatments. As Figure 2 shows, in the first ten rounds the evolution of cooperation is consistent to what has been found in the literature: a significant cooperation rate that decreases with experience (see Andreoni and Miller 1993, and Dal B.
Bibliography Includes bibliographical references and index.
Contents The contribution of Douglass C. North to new institutional economics / Claude Ménard and Mary M. Shirley -- Persistence and change in institutions: the evolution of Douglass C. North / John Joseph Wallis -- The new institutionalism / Robert Bates -- 'The rules of the game': what rules? Which game? / Kenneth A. Shepsle-- Institutions and sustainability of ecological systems / Elinor Ostrom -- Land property rights / Sebastian Galiani and Ernesto Schargrodsky -- Constitutions as coordinating devices / Gillian K. Hadfield and Barry R. Weingast -- Culture, institutions, and modern growth / Joel Mokyr -- What really happened during the Glorious Revolution? / Steven C.A. Pincus and James A. Robinson -- The grand experiment that wasn't? New institutional economics and the postcommunist experience / Scott Gehlbach and Edmund J. Malesky -- Using economic experiments to measure informal institutions / Pamela Jakiela -- Experimental evidence on the workings of democratic institutions / Pedro Dal Bó.
Local Note eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America
Subject North, Douglass C. (Douglass Cecil)
North, Douglass C. (Douglass Cecil)
North, Douglass Cecil 1920-2015.
Economic history.
Economic history.
Econometrics.
Econometrics.
Institutional economics.
Institutional economics.
Law and economics.
BUSINESS & ECONOMICS -- Economics -- Microeconomics.
BUSINESS & ECONOMICS -- Economics -- General.
Law and economics.
BUSINESS & ECONOMICS -- Reference.
Genre/Form Electronic books.
Added Author Galiani, Sebastián, editor.
Sened, Itai, editor.
Other Form: Print version: Institutions, property rights, and economic growth 9781107041554 (DLC) 2013032184 (OCoLC)857370276
ISBN 9781139922579 (electronic book)
1139922572 (electronic book)
1107300363 (electronic book)
9781107300361 (electronic book)
9781139910835
1139910833
9781139906975
1139906976
9781107041554
1107041554